Chiliz (CHZ) - June 18Hello?
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(CHZUSD 1W Chart)
We need to see if we can move up along the uptrend line.
(1D chart)
We need to see if we can move up from the 0.24642812-0.36702768 section and break out of the downtrend line.
If it falls in the 0.18612834-0.24642812 section, Stop Loss is required to preserve profit and loss.
If it rises above the 0.36702768 point and finds support, it is expected to form a new support zone.
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(CHZBTC 1W Chart)
It remains to be seen if the price can be maintained above the 838 Satoshi branch.
Since the support base is weak after a sharp rise, if it goes down, there is a possibility of touching near the 252 Satoshi point, so you need to trade cautiously.
Therefore, when holding the price above the 838 Satoshi point, the volume should increase to form a support zone.
(1D chart)
It remains to be seen if the 863 satoshi-966 satoshi section can support and rise.
If it goes down, we should see if it finds support at the 659 Satoshi point.
If it falls from the 659 Satoshi point, Stop Loss is required to preserve profit and loss.
It is difficult to select a support section because the price was formed by a sharp rise.
However, there is a possibility that it will rise along the upward trend line in the 352 satoshi-455 satoshi section, so you should also think about how to respond.
As the trend of BTC price is becoming more likely to turn sideways from the progression of a downtrend, I expect it to move up along the uptrend line between around June 27th - around July 10th.
However, we still need to watch the BTC price trend as the volume should increase.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)
